# LSP: portfolio, investments and team

> LSP is a growth equity based in Netherlands. 10 investments on record, latest Oct 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/lsp (Millionrounds; every figure on the page links to its filing or article)

Netherlands · [Investor](https://millionrounds.com/investors)

# LSP

Last cheque observed Oct 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Growth equity

Series B Series A Series C

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **2582** days **00** hrs **00** min **00** sec

Median round **$57M** Rounds led **5 of 10** Mostly in **France, 30%**

Pitch LSP

## LSP highlights

- 01 10 rounds on record
- 02 Mostly Series B and Series A: 78% of its rounds
- 03 Led 5 rounds

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Based in:** Netherlands
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **10 appearances**

- **2019** 8 rounds
- **Oct** **[Endotronix](https://millionrounds.com/company/endotronix)** Series D · US · Massdevice **$70M** With 8 others
- **Sept** **[Pharvaris](https://millionrounds.com/company/pharvaris)** Series B · NL · Biospace **$66M** With 6 others
- **Sept** **[iSTAR Medical SA](https://millionrounds.com/company/istar-medical-sa)** Series C · BE · Capricorn Partners **$44M** *Led*
- **Jul** **[Alizé Pharma 3](https://millionrounds.com/company/alize-pharma-3)** Series A · FR · FinSMEs **$74M** *Led*
- **Jul** **[AM-Pharma](https://millionrounds.com/company/am-pharma)** NL · FinSMEs **$130M** *Led*
- **Jun** **[Imcyse](https://millionrounds.com/company/imcyse)** Series B · BE · FinSMEs **$39M** With 3 others
- **May** **[DNA Script](https://millionrounds.com/company/dna-script)** Series B · FR · FinSMEs **$39M** *Led*
- **Feb** **[Arvelle Therapeutics](https://millionrounds.com/company/arvelle-therapeutics)** Series A · CH · European-biotechnology **$180M** *Led*
- **2017** 2 rounds
- **Nov** **[NousCom](https://millionrounds.com/company/nouscom)** Series B · CH · FinSMEs **$49M** With 2 others
- **May** **[ImCheck Therapeutics](https://millionrounds.com/company/imcheck-therapeutics)** Series A · FR · FinSMEs **$22M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series B Series A Series C

Median round joined **$57M** the round, not its cheque

Led 5 of 10 rounds **50%**

- **Sole investor:** Never alone
- **Last cheque:** Oct 2019

Rounds by stage said on their site

- Series B *4*
- Series A *3*
- Series C *1*
- Series D *1*

Cheques by year Led Joined

2017 2019

Often in the room with

- [KurmaPartners](https://millionrounds.com/fund/kurmapartners) 5
- [Idinvest Partners](https://millionrounds.com/fund/idinvest-partners) 3
- [Andera Partners](https://millionrounds.com/fund/andera-partners) 2

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## Who they invest alongside

The investors most often in the same rounds as LSP. A count of rooms they were both in, not a relationship either has claimed.

[**KurmaPartners** VC firm **5** rounds together](https://millionrounds.com/fund/kurmapartners)[**Idinvest Partners** Private equity **3** rounds together](https://millionrounds.com/fund/idinvest-partners)[**Andera Partners** Private equity **2** rounds together](https://millionrounds.com/fund/andera-partners)

## Recently backed

The latest companies LSP put money into.

[**Endotronix** $70M · Oct 2019](https://millionrounds.com/company/endotronix)[**Pharvaris** $66M · Sept 2019](https://millionrounds.com/company/pharvaris)[**AM-Pharma** $130M · Jul 2019](https://millionrounds.com/company/am-pharma)[**Imcyse** $39M · Jun 2019](https://millionrounds.com/company/imcyse)[**DNA Script** $39M · May 2019](https://millionrounds.com/company/dna-script)[**Arvelle Therapeutics** $180M · Feb 2019](https://millionrounds.com/company/arvelle-therapeutics)

## Quick answers about LSP

### What does LSP invest in?

LSP invests most often at Series B and Series A (78% of the rounds on record).

### How active is LSP?

10 investments on record, 0 of them in the last 12 months, and it led 5. The most recent was in Oct 2019.

### What has LSP invested in recently?

Its most recent investments on record: Endotronix (Series D, Oct 2019), Pharvaris (Series B, Sept 2019) and iSTAR Medical SA (Series C, Sept 2019).

### How big are LSP's cheques?

The median round it joins is $57M.

### Does LSP lead rounds?

Yes: it led 5 of its 10 investments on record (50%).

### Where does LSP invest?

Most of the companies it backs are in France (30%), the Netherlands (20%) and Belgium (20%).

### Is LSP investing now?

No investments in the last 12 months; the latest was in Oct 2019.

### Who does LSP invest alongside?

Most often KurmaPartners (5 rounds together), Idinvest Partners (3 rounds together) and Andera Partners (2 rounds together).

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